Property value increases in Wynnum West have tracked just lower than the QLD average of 2.98% over the last 12 months.
Comparing Wynnum West,4178 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.78% offered to property buyers. Sellers in Wynnum West itself are offering an average vendor discount of -4.69% to real estate investors.
Often selling an investment property can take time, and in Wynnum West the average time real estate has been on the market is 59.07 days.
Situated 12.62km from the CBD, Wynnum West is one of Brisbane localities in the postcode 4178.
Property investors who have had real estate in Wynnum West, 4178 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.26%
The five-year average increase in median property values for Wynnum West,4178 has given property investors a potential capital gain of 20.18% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Wynnum West is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 220th in terms of most discounted suburbs in QLD
In the last year 51 properties changed hands in Wynnum West, which puts it as the 165th most active market in QLD when comparing the number of sales per suburb.